The healthcare industry is shifting towards individual responsibility
for healthcare costs. Average consumer out-of-pocket healthcare spending
has more than doubled over the last 10 years. But recent
Alegeus research affirms that the majority of U.S. consumers are
still not playing an active role in their healthcare. Costs and coverage
are not widely understood, and most consumers lack basic tools to enable
true “shopping” for healthcare services. It’s clear that consumers will
require substantial support to manage their ever-growing financial
responsibilities and learn to become more savvy healthcare consumers.

By combining decision-support insights and spending accounts, Alegeus
and Change Healthcare will help bridge this gap. Increasingly, consumers
are leveraging account-based plans – such as FSAs, HSAs and HRAs – to
save and pay for the cost of their healthcare. Alegeus will integrate
its industry-leading consumer-directed healthcare account platform with
the Change Healthcare solution – giving joint Alegeus/Change Healthcare
consumers a central location to view balances and account information,
and access transparency tools to enable more informed decision-making.

“Consumer healthcare accounts represent a logical ‘hub’ for healthcare
financial decision-making – helping consumers reconcile potential
purchases with available funding,” said John Park, Chief Strategy
Officer at Alegeus. “The addition of Change Healthcare’s transparency
tools to the Alegeus ecosystem will allow Alegeus to engage the consumer
at appropriate spending and saving ‘moments of truth.’ Consumers will be
able to make true value tradeoff decisions based on what is most
important to them.”

“As consumer accountability for healthcare costs continues to grow,
consumers need better tools to make healthcare decisions based on
quality, cost and convenience,” said Doug Ghertner, President of Change
Healthcare. “We are excited about this partnership, as it supports our
commitment to helping consumers better understand and utilize their
healthcare benefits, and better manage their higher out-of-pocket
responsibility.”

About Change Healthcare

Established in 2007, Change Healthcare is on a mission to transform the
way Americans purchase and utilize healthcare services by driving
sustainable engagement at the individual level. With a national customer
base of health plans and employers, and more than 10 million lives under
contract, Change Healthcare is a premier national provider of healthcare
consumer engagement and cost and quality transparency solutions,
enabling consumers to: better understand and utilize their healthcare
benefits; make informed healthcare purchasing decisions based on
quality, cost and convenience; and manage higher out-of-pocket
responsibility and realize savings. This, in turn, helps both health
plans and employers: control their healthcare costs; successfully
migrate to more cost-effective plans; optimize existing wellness
programs; and improve employee satisfaction and retention. For more
information, visit www.changehealthcare.com.

About Alegeus Technologies

Alegeus Technologies is the market leader in consumer directed
healthcare solutions, offering the industry’s most comprehensive
platform for the administration of healthcare benefit accounts
(including FSAs, HSAs, HRAs, wellness incentive, dependent care, and
commuter accounts), the industry’s most widely-used benefit debit card,
and powerful engagement solutions to help consumers maximize savings and
optimize spending for their healthcare. Over 450 clients - including
health insurance plans, third party administrators and financial
institutions - leverage Alegeus’ deep expertise and proven technology to
administer benefit accounts for more than 26.4 million members and
process more than $8.4 billion in consumer healthcare payments annually.
As the healthcare and benefit markets continue to evolve, Alegeus
delivers solutions that enable clients to evolve their service
offerings, operate their businesses more efficiently, and focus on their
customers. The company is headquartered in Waltham, MA with operations
in Orlando, FL and Milwaukee, WI. To learn more about Alegeus, please
visit: www.alegeus.com.